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kindly assist JC penny, Inc. has total assets of $2,575,000, sales of $5,950,000, total liabilities of $1,855,062, and a net profit margin of 2.9%. What
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JC penny, Inc. has total assets of $2,575,000, sales of $5,950,000, total liabilities of $1,855,062, and a net profit margin of 2.9%. What is JC penny's return on equity? Round to the nearest 0.1%. 16.4% 24.0% 8.6% O 4.4%Step by Step Solution
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